Deepika Padukone and Ranveer SinghInstagramA photo has come up on social media that shows Ranveer carrying Deepika’s sandals in his hands when the two attended a recent wedding in Mumbai.In the already viral picture, Ranveer is seen standing behind Deepika carrying her heels in his hands while the actress was greeting an elderly person there. This gesture by the actor caught everyone’s attention, who cannot stop praising him.A lot of people commented on the photo saying that Deepika is lucky to have a husband like Ranveer. He is being called the “perfect husband”, and is being applauded for his gentleman’s act.Ranveer and the Chhappak actress are one of the most popular B-Town couples, as they hardly miss an opportunity to showcase love for each other even publicly.Meanwhile, lately there were rumours of Deepika’s pregnancy after she was spotted at an event with a slightly bulging belly. Many on social media had started speculating that the dusky beauty was expecting a child.However, Deepika had soon put the rumours to rest by clarifying that she was not pregnant, and had also expressed disappointment at such gossips being made soon after an actress ties the knot.”It will happen when it has to happen. Motherhood trumps being married. That’s what I hear from people who have had children,” she told a publication,” she had told a publication.”Of course, it will happen at some point but no, I think it is unfair to put women through that, to put a couple through that. I guess the day we stop asking the questions is when we will bring about change,” Deepika had added. Meanwhile, the actress has been busy shooting for her next film Chhappak that is based on the real-story of an acid-attack survivor.
Fairfax India Holdings Corp. is close to investing and acquiring a majority stake in Catholic Syrian Bank(CSB) after receiving an unoffocial by the Reserve Bank of India (RBI) marking the first takeover of a local private bank by a foreign investor.Prem Watsa, the Canadian billionaire and owner of Fairfax India Holdings Corp. met RBI governor Urjit Patel and deputy governors S.S. Mundra and R.S. Gandhi on Friday according to DealStreetAsia.The Catholic Syrian Bank Limited, one of India’s oldest private sector lenders is an Indian private sector bank with its headquarters at Thrissur, Kerala, India. According to Economic Times who cited sources said Fairfax is likely to have 15% voting rights in CSB.The Fairfax proposal is expected to be heard by the board of Catholic Syrian Bank on Tuesday and Wednesday. LuLu Group MD Yusuffali M.A., Federal Bank, Bridge India Fund, and Edelweiss Finance and Investments are some of the shareholders of Catholic Syrian Bank.However, the deal that is expected to involve an equity infusion by Fairfax will still require a final nod from the central board of RBI and several insiders such as S. Santhanakrishnan, chairman of Catholic Syrian Bank have declined to deny or accept the developments.”We do not comment on any market rumours or speculation,” Harsha Raghavan, managing director and chief executive of Fairbridge Capital Private Ltd, a Fairfax unit said according to DealStreetAsia.RBI’s changes in regulation that were introduced in May, to allow regulated, well-diversified and listed or supranational institutions to own up to 40%ownership in private banks were also measured with exemptions “as permitted on a case to case basis.”The new rules have capped Foreign direct investment or shareholding in a private sector bank by foreign entitiesin private banks at 74%. The RBI had also retained a provision under which investors have to seek its permission to increase shareholding/voting rights to 5% or more.The bank has been seen as a lucrative investmentand and has often been on the takeover radar of bigger banks and corporates. Compare to the same as September 2015, this year, the bank reported a net profit of Rs5.3 crore as compared to the loss of Rs 40.5 crore last year. Its gross non-performing assets dropped to Rs462.7 crore at the end of September, from Rs503.6 crore a year ago. Gross bad loans stand at 5.7% of advances.
Warren Buffett, founder of Berkshire Hathaway. (File picture)ReutersBillionaire investor Warren Buffett revealed his much-anticipated letter to Berkshire Hathaway shareholders on Saturday.Buffett’s letter to his company’s shareholders, an annual exercise undertaken for more than 50 years, is a closely watched event on Wall Street as investors parse the statement for insights and wisdom on the economy and financial markets.The entire letter can be found here.Here are some of the key highlights from the 16-page letter:In 2017, Berkshire saw its net worth grow $65.3 billion, boosting its per share book value by 23 percent. Of the total, only $36 billion came from Berkshire’s business operations while the remaining $29 billion was delivered when Congress rewrote the U.S. Tax Code. Buffett flagged risks associated with bonds. He said it is a terrible mistake for investors with long-term horizons – among them, pension funds, college endowments and savings-minded individuals – to measure their investment “risk” by their portfolio’s ratio of bonds to stocks. Often, high-grade bonds in an investment portfolio increase its risk. Buffett listed out fifteen common stock investments that at year-end had the largest market value. The stocks included, American Express, Apple Inc, Bank of America, The Bank of New York Mellon, BYD Co, Charter Communications, The Coca-Cola Co, Delta Airlines, General Motors, The Goldman Sachs Group, Moody’s Corp, Phillips, Southwest Airlines, U.S. Bancorp and Wells Fargo. Buffett said that the company’s search for new stand-alone businesses continues. The key qualities we seek are durable competitive strengths, able and high-grade management, good returns on the net tangible assets required to operate the business, opportunities for internal growth at attractive returns; and, finally, it should be available at a sensible purchase price. Buffett, 87, did not divulge much details on his successor. In January, he had narrowed down the list of people who could replace him to two veteran Berkshire executives, Greg Abel and Ajit Jain. “You and I are lucky to have Ajit and Greg working for us,” Buffett told shareholders at the end of the letter.
Register Now » Opinions expressed by Entrepreneur contributors are their own. Growing a business sometimes requires thinking outside the box. Free Webinar | Sept. 9: The Entrepreneur’s Playbook for Going Global August 6, 2016 1 min read Cybercrime is not new, but it seems it is getting worse as time goes on. As the rate of cyber attacks increases, so does the cost of damage control and security for businesses.An infographic from security firm BTB Security shows how many more breaches and incidents of indentity theft there were in 2015 than in 2005. As a result, 190 million consumers were compromised last year, compared to only 44.2 million ten years earlier. Check out the infographic below to see how much these online attacks are costing businesses, then make sure you have a secure password.Related: 4 Foolish Cybersecurity Mistakes Robert Herjavec Is Shocked People Still Make